According to monitoring data from Business Society, since November 11th, the domestic adipic acid market has experienced a weak decline, with a drop of over 2%. On November 11th, the average market price of adipic acid was 8600 yuan/ton. On November 19th, the average market price of adipic acid was 8400 yuan/ton, a decrease of 2.33%.

The supply of adipic acid is loose, and the market is weak and declining

Since November 11th, the domestic adipic acid market has continued to decline weakly. The main reason is that the upstream raw material pure benzene market has improved, the cyclohexanone market is weak and stable, the cost support effect is limited, and the terminal demand for adipic acid procurement is average. The main reason for the loose supply of adipic acid is the combination of multiple negative factors. The adipic acid market continues to bottom out and operate weakly. The mainstream market price is 8400-8600 yuan/ton, and the market is mainly weak and stable.

An analyst from Shengyi Society believes that the rise of the raw material pure benzene market is supported by positive factors, and the adipic acid market is expected to rebound, with a promising upward trend.